XRP News Today: Elizabeth Warren's Criticism of FIT21 Bill Sparks Crypto Backlash

U.S. Senator Elizabeth Warren has once again found herself in the crosshairs of the digital asset community following her critical remarks about recent crypto legislation. Her comments, which targeted the Financial Innovation and Technology for the 21st Century Act (FIT21), have sparked a significant backlash, particularly from supporters of XRP.

In a video clip shared by Crypto Eri, Warren expressed her concerns that the FIT21 bill could allow major public companies like Meta or Tesla to bypass regulatory oversight by issuing tokenized shares on blockchain networks. She warned that such actions would strip the U.S. Securities and Exchange Commission (SEC) of its authority over these assets, potentially leading to significant risks for investors and the financial system.

Warren's remarks quickly drew criticism from across the crypto community. She claimed that companies using blockchain to tokenize stocks could avoid the regulatory protections currently required in traditional markets. Her concerns extended to national security, investor risk, and overall financial stability, which she believed could be compromised by the shift toward tokenized equity.

Robinhood CEO Vladimir Tenev responded to Warren's criticisms by defending the shift toward blockchain-based financial infrastructure. Tenev acknowledged the regulatory tension but emphasized the need for innovation. He highlighted the potential benefits of tokenizing both public and private equity, which could unlock new efficiencies while reducing the role of traditional intermediaries. Tenev's comments reflect a growing interest from fintech companies in leveraging blockchain technology to transform traditional financial systems.

The XRP community, in particular, responded to Warren’s comments with a wave of mockery and frustration. Users on social media platforms described her views as outdated and disconnected from modern financial trends. Comments ranged from sarcastic memes to direct attacks on her regulatory stance. Many in the community questioned her relevance in shaping policy for emerging technologies, while others dismissed her concerns as fearmongering. Her past statements about building an “anti-crypto army” also resurfaced, fueling further criticism.

Many in the digital asset space see tokenization as a step toward financial inclusivity and efficiency. Warren’s remarks, however, were viewed as an attempt to stall progress by protecting legacy financial systems. As blockchain adoption grows and lawmakers debate the FIT21 bill, tensions between crypto advocates and traditional policymakers continue to rise.

Elizabeth Warren’s warnings about SEC oversight and blockchain tokenization have sparked strong reactions from the XRP Army. With momentum building for digital asset legislation, her stance is being increasingly challenged by crypto supporters pushing for innovation and regulatory clarity. The XRP community's response highlights the growing divide between traditional policymakers and digital asset proponents, who see blockchain technology as a key driver of financial innovation and efficiency.